The Bitcoin Cash price (BCH/USD) has hit a three-week high, following a strong Wednesday session, in which it gained more than 15%.

While the fourth-largest cryptocurrency had a slow start to yesterday’s session, its performance improved dramatically in the late morning session, when its price surged past the $800 mark. The digital coin experienced another big jump later in the session, which put its price within striking distance of the $900 level. Bitcoin Cash hit an intraday high of $893.57, before eventually closing the session at $888.91, up 17% from its opening price of $758.25.

Today the cryptocurrency has traded mostly sideways, although it saw a small uptick earlier in the session, which allowed it to hit its highest price level since March 28 at $894.43. At the time of writing, the Bitcoin Cash price was hovering around its Wednesday closing level.

The Bitcoin Cash price rally may have been prompted by bullish comments, made by one of the more prominent figures in the crypto investment space. Brian Kelly, founder and chief executive officer of cryptocurrency investment firm BKCM, told CNBC on Tuesday that he anticipated that Bitcoin Cash might have a breakout looming. Kelly pointed to the coin’s increased volatility in the past month and increased volume as indication of its potential to grow.

“Those are the first things traders look at, that I look at, to say, something might be changing here," Kelly said on CNBC’s TV programme “Fast Money”. "If we get that breakout, you're looking at higher moves."

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Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

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